But many Mexicans blame free-marketry for the peso crisis of 1994-95 and the resultant recession.
So of each peso of contributions, 17 centavos go to the institute's own pensioners.
ECONOMIST: Working in the official economy has its drawbacks
Argentina pegged its peso to the dollar via a kind of currency board a decade ago.
According to Mr Dornbusch, the causes of Argentina's current troubles are deeper than its overvalued peso.
Estos individuos tienden a perder una gran cantidad de peso y permanecer muy delgados.
By 2005 Kinsella was interviewing 100 candidates a day without spending a peso on advertising.
People who don't like currency boards say that Argentina's "artificially strong" peso has left it uncompetitive.
The country possesses more than enough greenbacks to buy in the entire peso monetary base.
Terrible timing--the Mexican government had just devalued the peso, throwing the economy into chaos.
But by defending the peso, there would have been no lasting flight of capital.
Observers thought that the Argentinean peso would be swamped as neighboring countries currencies came under assault.
Another key was geographical diversification to protect Cemex against the periodic collapse of the Mexican peso.
The Brazilian real and Colombian peso followed closely, experiencing their best January in 19 years.
Such political uncertainties could result in a renewed loss of confidence in the peso.
And tight money has proved unable to shore up the peso when the world turned nasty.
An artist drew the Philippines map incorrectly on several denominations of its peso bills.
While the peso was equal in value to the dollar they flocked in their thousands.
The peso, which many analysts thought overvalued, has started to creep down in recent weeks.
If the worst comes to the worst, they might adopt the dollar instead of the peso.
The immediate test for Mr Remes's plan is how far and fast the peso depreciates.
The Central Bank has intervened less to prop up the peso and capital flight is easing.
The peso has appreciated by 29% against the dollar since the end of October 2008.
The best way to tackle inflation would be to allow the peso to appreciate.
ECONOMIST: Argentina: After Lavagna, an uncertain tilt towards populism | The
The informant then delivered checks and cash to the representative of a Colombian dollar-peso broker in Miami.
The government supercharged growth, stimulating demand with wage increases, price controls, an undervalued peso and public works.
The Mexican peso is stronger against the dollar than it's been in a year and a half.
The woes were exacerbated after Argentina endured an economic collapse and devaluation of the peso in 2001-2002.
Not this time: although the peso fell by 70% last year, consumer prices rose by only 40%.
The two years following the Mexican peso devaluation in 1994 were among Citicorp's best in that country.
Since then the peso has devalued sharply against the greenback, bloating PAL's costs and its debt burden.
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